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India Signs Renewable Energy Deal With Saudi Arabia
India Signs Renewable Energy Deal With Saudi Arabia
Sputnik India
To take the cooperation and the friendship between the countries to new heights, India and Saudi Arabia have signed an MoU in the fields of electrical Interconnections in Riyadh on Sunday.
2023-10-08T20:51+0530
2023-10-08T20:51+0530
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India and Saudi Arabia have signed a memorandum of understanding (MoU) in the fields of electrical Interconnections, green and clean hydrogen and supply chains in Riyadh on Sunday. The deal reportedly looks to take the cooperation and the friendship between the countries to new heights.It said that the B2B Business Summits and regular B2B interactions between the two countries will be conducted to establish complete supply and value chains in the above-mentioned areas.Singh is in Saudi Arabia’s Riyadh to participate in the Middle East and North Africa (MENA) Climate Week 2023, which aims to discuss climate solutions.The event is being held from October 8 - 12, 2023.He also urged MENA countries to join the Global Biofuel Alliance to advance international cooperation in sustainable biofuels and to reach the full potential of the alliance.
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India Signs Renewable Energy Deal With Saudi Arabia
20:51 08.10.2023 (Updated: 20:53 08.10.2023) The agreement was signed between Indian Union Minister for Power and New and Renewable Energy R.K. Singh and Saudi Arabian Minister of Energy Abdulaziz bin Salman Al-Saud to enhance cooperation in protecting the environment.
India and Saudi Arabia have signed a memorandum of understanding (MoU) in the fields of electrical Interconnections, green and clean hydrogen and supply chains in Riyadh on Sunday. The deal reportedly looks to take the cooperation and the friendship between the countries to new heights.
“This MoU aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection; exchange of electricity during peak times and emergencies; co-development of projects; co-production of green/clean hydrogen and renewable energy; and also establishing secure, reliable and resilient supply chains of materials used in green/clean hydrogen and the renewable energy sector,” said an official statement issued from New Delhi.
It said that the B2B Business Summits and regular B2B interactions between the two countries will be conducted to establish complete supply and value chains in the above-mentioned areas.
Singh is in Saudi Arabia’s Riyadh to participate in the Middle East and North Africa (MENA) Climate Week 2023, which aims to discuss climate solutions.
The event is being held from October 8 - 12, 2023.
“India, having almost 17% of the world population and being the world’s fifth largest economy, is taking significant steps to reduce emission intensity of its GDP by 45% by the year 2030 and to achieve the goal of Net Zero by the year 2070,” the minister said while addressing a session.
He also urged MENA countries to join the Global Biofuel Alliance to advance international cooperation in sustainable biofuels and to reach the full potential of the alliance.
